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BlackRock Investment Management, LLC Executive Team1

Michael Fredericks

MANAGING DIRECTOR

Joined BlackRock: 2011

Michael Fredericks is head of Income Investing for the BlackRock Multi-Asset Strategies (MAS) team and lead portfolio manager for a range of Blackrock multi-asset portfolios, including the BlackRock Diversified Income Portfolio. He joined BlackRock in 2011 from J.P. Morgan Asset Management, where he was an executive director and portfolio manager in the Global Multi-Asset Group (GMAG) and was responsible for retail asset allocation solutions. At J.P. Morgan he co-managed the J.P. Morgan Diversified Fund and the J.P. Morgan Income Builder Fund, and he also served on the GMAG New York investment committee. Previously he was an equity analyst responsible for global consumer discretionary stocks at Nicholas Applegate Capital Management. He holds a BA in economics and history from the University of California, Berkeley, and an MPIA from the Graduate School of International Relations and Pacific Studies at the University of California, San Diego.

Alex Shingler, CFA®

Managing Director

JOINED BLACKROCK: 2009

Alex Shingler is a portfolio manager and member of the Blackrock Multi-Asset Strategies (MAS) team, which is responsible for developing, assembling, and managing both global tactical asset allocation portfolios and outcome-oriented investment solutions. Prior to his current role, Mr. Shingler served as a research analyst and portfolio manager within European and U.S. Credit strategies. Before joining BlackRock in 2009 in London, Mr. Shingler was Head of European Research at R3 Capital Partners and its predecessor. From 1999 to 2007, Mr. Shingler was with Seneca Capital Advisors, focusing on special situation equity and debt investments. He began his career as an analyst with J.P. Morgan. Mr. Shingler earned an AB degree, summa cum laude, in philosophy from Princeton University.

Justin Christofel, CFA®, CAIA

MANAGING DIRECTOR

Joined BlackRock: 2007

Justin Christofel is a portfolio manager and member of the BlackRock Multi-Asset Strategies (MAS) team, which is responsible for developing, assembling, and managing both global tactical asset allocation products and outcome-oriented solutions. He is a portfolio manager for a range of BlackRock multi-asset portfolios, including the BlackRock Diversified Income portfolio. He also manages traditional tactical asset allocation, managed volatility, and real return strategies for both institutional and individual investors. Prior to joining BlackRock in 2007, he was with Oliver Wyman, a consulting firm specializing in financial services. His projects spanned from retail banking to structured finance. He earned a BA degree, with honors, in economics and mathematics from Yale University.

1. Information was provided by BlackRock Investment Management, LLC, as of August 31, 2018. Fidelity Investments is not responsible for its content.

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The CFA designation is offered by the CFA Institute. To obtain the CFA charter, candidates must pass three exams demonstrating their competence, integrity, and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management, and security analysis, and must also have at least three years of qualifying work experience, among other requirements.

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